HB2009: Housing Authorities Law; exercise of eminent domain authority & compensation for certain landowners.

Chief Patron

Terrie Suit (R-81)
Virginia Beach, VA
Served: 2000–

Progress

	Introduced
	Passed Committee
	Passed House
	Passed Senate
	Signed by Governor
	Became Law

Status

Bill is Dead

View Entire History

Summary

Housing Authorities Law; exercise of eminent domain authority; compensation for certain landowners. Provides that when property that is not blighted property has been acquired pursuant to a redevelopment or conservation plan by an authority through the exercise of the power of eminent domain and is subsequently sold to a private entity, then the owner of such property will receive additional compensation in the amount of 50 percent of the net gain realized by the authority.

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